Aspen Aerogels (NYSE:ASPN) Shares Up 8.2% – Time to Buy?

Aspen Aerogels, Inc. (NYSE:ASPN) shot up 8.2% on Monday . The stock traded as high as $14.11 and last traded at $14.09. 318,315 shares were traded during trading, a decline of 69% from the average session volume of 1,019,517 shares. The stock had previously closed at $13.02.

Wall Street Analyst Weigh In

ASPN has been the topic of a number of analyst reports. Roth Mkm lowered their price objective on Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Barclays dropped their price objective on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of Aspen Aerogels in a report on Wednesday, October 16th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler cut their price target on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Aspen Aerogels Stock Down 0.9 %

The firm’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $20.83. The company has a market cap of $1.08 billion, a PE ratio of 1,319.32 and a beta of 2.14. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27.

Institutional Trading of Aspen Aerogels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC increased its stake in Aspen Aerogels by 130.4% in the second quarter. Driehaus Capital Management LLC now owns 2,156,789 shares of the construction company’s stock valued at $51,439,000 after purchasing an additional 1,220,724 shares during the last quarter. FMR LLC lifted its holdings in shares of Aspen Aerogels by 23.6% during the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock worth $112,169,000 after acquiring an additional 773,647 shares during the period. American Century Companies Inc. boosted its position in shares of Aspen Aerogels by 562.3% in the second quarter. American Century Companies Inc. now owns 770,729 shares of the construction company’s stock worth $18,382,000 after acquiring an additional 654,350 shares during the last quarter. Millennium Management LLC purchased a new stake in Aspen Aerogels in the second quarter valued at approximately $9,339,000. Finally, Lord Abbett & CO. LLC acquired a new position in Aspen Aerogels during the third quarter worth approximately $10,126,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.